OmniVest Forum : OmniVest News : Trade Processor Pre Release 4D is posted

You are currently browsing as a guest.
You should logon to access more features

A Self-Moderated Community - ALL MEMBERS, PLEASE READ!
Vote for Members who contribute the most to your trading, and help us moderate content within the Forums.

Current location		Thread information
OmniVest Developments OmniVest News Trade Processor Pre Release 4D is posted		Last Activity 2/20/2018 9:38 AM 52 replies, 4774 viewings

Jump to page : 1 2 3
Now viewing page 3 [25 messages per page]

< Previous Thread :: Next Thread >

Printer friendly version

^ Top

BrianD

Legend

Posts: 302

Joined: 2/23/2013
Location: Grand Rapids, MI

User Profile

Subject : RE: Trade Processor Pre Release 4D is posted
Posted : 8/8/2016 4:51 PM
Post #36151 - In reply to #36150

Is an IB IRA. See attached for trade setting.

My IRA account does not go 100% invested often, but has been hitting the 100% ceiling last week and this was the way I found to not receive Broker rejects, due to failure of 'Delay Opening Orders' on 4D(?) platform. So, it is a 'so far, so good' status.

BTW, I was a little surprised, but excited; no need for xx days Settlement Wait Day, etc. with IB?

Now I'll watch slippage with delayed Opens/Closes. Interesting to see impact there. I have OCD on live OV historical trades following OV simulated trades and slippage differences, so...

Attached file : TP IRA settings.jpg (31KB - 258 downloads)

^ Top

Mark Holstius

Elite

Posts: 744

Joined: 10/11/2012
Location: Sleepy Hollow, IL

User Profile

Subject : RE: Trade Processor Pre Release 4D is posted
Posted : 8/16/2016 10:40 AM
Post #36216 - In reply to #36151

Hi Brian,

I just wanted to comment that OV has to use the Closing price from the day before to arrive at the # of shares to purchase the next morning - and if the symbol jumps up at the Open (definitely possible with leveraged ETFs), then the purchase could be for more $$ than are available in the account and be rejected by the broker...

Just a thought (and why I've set my IRA TP and OV Buying Power to 95% to give a little more "wiggle room").

Best of luck,
Mark

BTW - On the slippage data front, you might be interested my post 2 days ago here;

http://www.omnitrader.com/currentclients/omnivestforum/thread-view.asp?threadid=7751&posts=1

[Edited by Mark Holstius on 8/16/2016 10:43 AM]

^ Top

BrianD

Legend

Posts: 302

Joined: 2/23/2013
Location: Grand Rapids, MI

User Profile

Subject : RE: Trade Processor Pre Release 4D is posted
Posted : 8/16/2016 6:46 PM
Post #36217 - In reply to #36216

Understand. I too keep Buying power at 95% due to those mentioned factors.

My problem arises that Trade Processor 4D seems to submit all Open and Close orders at the "Order Submission" times (which I set for about 9:15AM or so). "Delay Opening Orders" does not seem to work for me in 4D, and others seemed to have same problem. For me, previously that always resolved having open positions needing to be closed before opening more positions (with Interactive Brokers).

Very curious about slippage on your ETFs. Looking forward to your findings. Never seen slippage problems in high volume ETFs, but you seem to be covering a larger ETF spectrum than I've played with. I keep "Min Average Daily Volume" pretty high.

Jump to page : 1 2 3
Now viewing page 3 [25 messages per page]

< Previous Thread :: Next Thread >

Legend			Action		Notification
Administrator Forum Moderator	Registered User Unregistered User		E-Mail this thread to a friend		Toggle e-mail notification

For any problems or issues please contact our Webmaster at webmaster@nirvsys.com.